Power Integrations, Inc. (NASDAQ:POWI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Power Integrations, Inc. (NASDAQ:POWI) has earned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $76.20.

A number of research firms have recently issued reports on POWI. Benchmark boosted their price objective on Power Integrations from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, April 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Power Integrations in a research note on Friday, May 8th. Needham & Company LLC started coverage on shares of Power Integrations in a report on Wednesday, June 10th. They issued a “buy” rating and a $90.00 price target on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Power Integrations in a research note on Friday, May 8th. Finally, Zacks Research raised shares of Power Integrations from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th.

Insider Buying and Selling at Power Integrations

In other news, Director Balu Balakrishnan sold 124,287 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $86.44, for a total value of $10,743,368.28. Following the sale, the director directly owned 279,516 shares in the company, valued at approximately $24,161,363.04. This represents a 30.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Nicholas Brathwaite sold 1,728 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $86.62, for a total value of $149,679.36. Following the completion of the transaction, the director directly owned 22,226 shares of the company’s stock, valued at approximately $1,925,216.12. The trade was a 7.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 334,772 shares of company stock valued at $27,322,535. 1.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. grew its holdings in shares of Power Integrations by 97.8% in the 1st quarter. Pacer Advisors Inc. now owns 3,896 shares of the semiconductor company’s stock worth $199,000 after purchasing an additional 1,926 shares during the last quarter. Cim Investment Management Inc. acquired a new position in Power Integrations in the first quarter valued at about $246,000. Bank of America Corp DE boosted its position in Power Integrations by 1.1% in the first quarter. Bank of America Corp DE now owns 601,468 shares of the semiconductor company’s stock valued at $30,795,000 after buying an additional 6,633 shares in the last quarter. Amundi grew its stake in Power Integrations by 10.1% during the first quarter. Amundi now owns 11,485 shares of the semiconductor company’s stock worth $588,000 after buying an additional 1,050 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Power Integrations by 125.5% during the first quarter. EverSource Wealth Advisors LLC now owns 814 shares of the semiconductor company’s stock worth $42,000 after buying an additional 453 shares during the last quarter.

Power Integrations Stock Performance

NASDAQ POWI opened at $72.99 on Monday. Power Integrations has a twelve month low of $30.86 and a twelve month high of $91.18. The stock has a market cap of $4.07 billion, a PE ratio of 243.31, a PEG ratio of 3.18 and a beta of 1.57. The firm has a 50-day simple moving average of $77.25 and a 200 day simple moving average of $57.23.

Power Integrations (NASDAQ:POWI) last issued its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The firm had revenue of $108.31 million for the quarter, compared to analyst estimates of $106.75 million. Power Integrations had a return on equity of 5.34% and a net margin of 3.72%.The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 earnings per share. Research analysts forecast that Power Integrations will post 0.89 earnings per share for the current fiscal year.

Power Integrations Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th were paid a dividend of $0.215 per share. The ex-dividend date was Friday, May 29th. This represents a $0.86 dividend on an annualized basis and a yield of 1.2%. Power Integrations’s dividend payout ratio (DPR) is currently 286.67%.

Power Integrations Company Profile

Power Integrations, Inc, based in Hillsboro, Oregon, specializes in the design and development of high-performance analog and mixed-signal integrated circuits for energy-efficient power conversion. The company’s products are used to convert and regulate electrical power in a wide range of applications, from consumer electronics and industrial systems to communications equipment and electric vehicle charging. By providing compact, reliable, and highly integrated solutions, Power Integrations aims to reduce system size, improve efficiency, and simplify thermal management for its customers.

The firm’s product portfolio encompasses isolated and non-isolated switching controllers for both AC-DC and DC-DC power conversion.